The properties sold included a securely let cash and carry investment in Kings Cross, north London, which attracted approximately 20 bids and was sold to a private overseas investor, achieving a yield of 6.4%. It was let with 19.5 years unexpired to Booker Cash & Carry. A retail parade on Princes Street, Edinburgh was sold to Aberdeen Property Investors for £26 million ($48 million) to show a yield of 5.7%. Tudor Toone, Fineman Ross, CB Richard Ellis and Churston Heard acted for SEPUT on the disposals.

Fund manager Schroders is now looking to reinvest the proceeds in large industrial estates with active management opportunities outside the South East along with low cost distribution property away from the traditional core distribution locations. SEPUT fund manager Tony Brown says: "Low cost distribution locations are of particular interest because of the difficulties of labour supply being experienced by logistics operators in the traditional core distribution locations. We believe that the operators are becoming increasingly attracted to low cost locations in response to the need to drive profitability in a very competitive market place."